Brandywine Realty Tr Q3 2024 FFO $0.23 Misses $0.24 Estimate, Sales $131.782M Miss $134.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
Brandywine Realty Trust reported Q3 2024 earnings of $0.23 per share, missing the consensus estimate of $0.24. Sales were $131.782 million, below the expected $134.246 million. Earnings decreased by 20.69% from last year, while sales increased by 1.86%.
October 22, 2024 | 9:58 pm
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NEGATIVE IMPACT
Brandywine Realty Trust's Q3 2024 earnings and sales both missed analyst estimates, with earnings per share at $0.23 versus the expected $0.24, and sales at $131.782 million versus the expected $134.246 million. This could negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst expectations, which typically leads to negative sentiment and potential short-term stock price decline. The decrease in earnings compared to the previous year further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100